Claimsnet to Provide Services to Managed Care Organization
August 03 2004 - 11:30AM
PR Newswire (US)
Claimsnet to Provide Services to Managed Care Organization DALLAS,
Aug. 3 /PRNewswire-FirstCall/ -- Claimsnet.com inc. (OTC:CLAI)
(BULLETIN BOARD: CLAI) , a leading provider of Internet-based ASP
electronic claim processing solutions for the healthcare industry,
announced today that a well established Managed Care Organization
(MCO) in Massachusetts has elected to use Claimsnet's system and
services. This MCO, founded in 1985, serves 100,000 members and
5000 employers in Western Massachusetts and provides for the health
care needs of its members by creating and tailoring innovative
products, promoting appropriate use of health care services and
leading in quality improvement in the delivery of health care. The
company will use Claimsnet's Internet-based system and
clearinghouse services to easily and accurately allow submission of
health insurance claims from the array of providers throughout
their network. "We are very pleased to be working with this New
England based MCO. Their requirements called for an innovative,
proven solution and we were able to meet their needs," commented
Don Crosbie, chief executive officer of Claimsnet. "Implementation
has been completed and the client is fully operational." About
Claimsnet.com -- Claimsnet is a leading provider of Internet-based,
business-to-business solutions for the healthcare industry,
including distinctive, advanced ASP technology for online
healthcare transaction processing. Headquartered in Dallas,
Claimsnet offers systems that are distinguished by ease of use,
customer care, security and measurable cost advantages. More
information on Claimsnet can be found at the Company's web site at
http://www.claimsnet.com/ . Safe Harbor Statement Under the Private
Securities Litigation Act 1995 -- With the exception of historical
information, the matters discussed in this press release are
forward looking statements that involve a number of risks and
uncertainties. The actual future results of the company could
differ significantly from those statements. Factors that could
cause or contribute to such differences include, but are not
limited to, maintaining access to external sources of capital,
regulatory actions, success of marketing strategies, actions of the
Company's competitors, dependence on suppliers and distribution
channels, and continued use of the Internet. Further information on
the Company's risk factors is contained in the Company's quarterly,
annual, and other periodic reports as filed with the Securities and
Exchange Commission. DATASOURCE: Claimsnet.com inc. CONTACT: Don
Crosbie of Claimsnet.com inc., +1-972-458-1701, Ext. 112, or Web
site: http://www.claimsnet.com/
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